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Altura Energy Corp. reports developments tied to its helium assets in Arizona's Holbrook Basin, including pipeline installation, well tie-ins, workovers, and acreage expansion around the Pinta South Helium Field. Company updates also cover farm-in agreements, field infrastructure, helium production plans, and project-level activity at the Saddle Horse Draw target.
Altura news also includes public-company capital and governance items such as common-share issuances for services, advisory and investor-relations arrangements, and shareholder ownership notifications.
Altus Strategies Plc (OTCQX: ALTUF) reported its unaudited financial results for the quarter ending 31 March 2021, highlighting operational and corporate advancements. Key operational updates include the acquisition of four gold exploration licenses in Egypt and three copper-silver projects in Morocco. Financially, Altus raised £7.7m through a private placement, concluding the period with a cash balance of £7.4m. The company plans to utilize funds to expedite exploration in Egypt and Mali. Additionally, drilling programs are ongoing, showing promising results at various projects in Mali.
Altus Strategies Plc (ALTUF) has initiated a 17,500m drilling program at its Diba gold project in Mali, following an extensive ground magnetic survey. The program includes a 10,000m Reverse Circulation (RC) segment that aims to explore high-grade zones with existing intersections of up to 43.83 g/t Au. A 7,500m Air Core (AC) drilling effort will focus on nearby discoveries and artisanal workings. An updated Mineral Resource Estimate and Preliminary Economic Assessment are anticipated upon completion, highlighting the project's potential significance in West Africa.
Altus Strategies Plc (OTCQX: ALTUF) has announced the award of three new exploration projects spanning 221 km2 in Morocco, focusing on copper, tin, and zinc. This expansion is part of a competitive tender, increasing Altus's Moroccan portfolio to ten projects totaling 675 km2. The new projects include the Amsa Tin, Tiddas Copper-Lead, and Jafra Copper-Zinc projects. Exploration programs are set to begin shortly, with additional project applications underway across key mineralized belts in Morocco, enhancing the company's growth prospects in a highly prospective region.
Altus Strategies announced its Annual General Meeting (AGM) for June 14, 2021, at 3:00 p.m. BST, held at its registered office in Didcot, UK. Shareholders received the Notice of Meeting, Annual Report & Accounts via mail on May 14 and May 17, 2021, respectively. Key resolutions include the approval of the financial statements for the year ended December 31, 2020, the reappointment of auditors, elections of board directors, and authorizations for share options and securities allotment. Shareholders are advised not to attend in person due to COVID-19 precautions.
Altus Strategies Plc announces the total issued share capital with voting rights stands at 80,391,535 Ordinary Shares as of April 30, 2021. This announcement complies with the Financial Conduct Authority's Disclosure and Transparency Rules. The company does not hold any shares in treasury, and shareholders should use this figure for calculations related to interest notifications under DTRs. Altus Strategies focuses on generating a diverse portfolio of mining royalties in Africa, attracting significant institutional investor backing.
Altus Strategies Plc has published its Management's Discussion & Analysis for the three-month period ending December 31, 2020. This document is available on the Company's website and SEDAR. Altus is a mining royalty company focusing on Africa, generating a diverse portfolio of precious metals assets. The firm's unique strategy involves creating royalties on its discoveries, attracting institutional investor backing, and engaging with stakeholders to minimize environmental impacts while promoting positive community outcomes.
Altus Strategies Plc (OTCQX: ALTUF) released its audited final results for the year ending December 31, 2020. Key operational highlights include a significant Mineral Resource Estimate at the Diba gold project, with 217,000 ounces in the Indicated category, and an updated Preliminary Economic Assessment showing a 32% increase in NPV to $107 million. The company secured a £6.5 million investment from La Mancha, elevating their interest to 35.45%. Altus raised £7.7 million post-period and commenced trading on the OTCQX, enhancing visibility for US investors.
Altus Strategies Plc announced the issuance of 7,266 ordinary shares following the exercise of warrants at an exercise price of C$1.125, generating gross proceeds of C$8,174.25. The shares will be admitted to trading on the AIM market, effective around April 15, 2021. Following this issuance, the total number of ordinary shares will rise to 80,391,535, which represents the total voting rights in the Company. The funds raised will be allocated for working capital purposes.
Altus Strategies Plc has announced that its total issued share capital with voting rights is 80,384,269 Ordinary Shares at a par value of five pence each, in accordance with the Financial Conduct Authority's Disclosure and Transparency Rules (DTRs). The company does not hold any shares in treasury. This figure is significant for shareholders who need to determine their interest notifications under the DTRs. Altus continues to build its portfolio focused on mining royalties, particularly in Africa.
Altus Strategies announces the completion of a Strategic Review by Mining Plus UK Ltd on its 97%-owned Bikoula iron project in Cameroon. The review assessed processing, product specifications, and shipping options. Historical drilling shows significant mineralization, including 30.8m at 57.9% Fe. The project has a JORC compliant Mineral Resource Estimate of 46 million tonnes at 44% Fe, with 75% of the priority target area untested. Recent infrastructure improvements and supportive iron ore prices enhance its development potential.